Geely Automobile Holdings Limited

Geely Automobile Holdings Limited (the “Company”), the Company and its subsidiaries (collectively, the “Group”) (HKEx stock code: 175) is an automobile manufacturer focusing on R&D, manufacturing and sales of passenger cars. Products are mainly sold in the Chinese market, and product sales have been expanded to other developing countries through exports in the past few years. The Company's shares are listed on the main board of the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”). Its controlling shareholder is Zhejiang Geely Holding Group Co., Ltd., a private company wholly owned by Mr. Li Shufu, the principal shareholder and chairman of the board of directors of the Company, and his associates. The Group is headquartered in Hangzhou, China, and has 9 production bases in Luqiao, Linhai, Ningbo/Cixi, Chunxiao, Baoji, Jinzhong, Xiangtan, Jinan and Chengdu, China. As of December 31, 2018, it has a total annual production capacity of 1,710,000 complete vehicles in a double shift. The Group develops and sells 17 major models on its 4 platforms and 2 module architectures (including the “Linker” car models sold by the “Linker & Co., Ltd.” joint venture, in which the Group owns 50% interest). By the end of 2018, there were more than 978 dealers marketing the “Geely” brand in China. The Linker & Co joint venture uses different marketing and distribution systems, and has established 222 Lynk & Co centers and 17 Lynk & Co spaces in China to provide services to customers. In 2018, the Group also exported products to 24 overseas markets through 24 sales agents and 336 sales and service outlets. These overseas markets are mainly located in developing countries in Eastern Europe, the Middle East and Africa. In November 2015, the company announced its NEV strategy “Operation Blue Geely” and launched its first NEV model, fully demonstrating its determination to transform into a leader in the NEV technology industry. The goal of this action is to ensure that the Group's sales volume of new energy and electrified vehicles can reach 90% of total sales. By the end of 2018, the company had a workforce of 52,400 people, committed to strengthening the Group's core strengths in powertrain system technology, product quality, customer satisfaction and supply chain, and achieved sales of approximately US$15.5 billion in 2017. As of April 10, 2018, the Company's market value was approximately US$20.3 billion.